North America smart lighting market is expected to reach million by 2026 and is projected to register a healthy CAGR of 23.1% in the forecast period of 2019 to 2026. The smart lighting is one of the most important lighting solutions for providing solution for both indoor and outdoor purposes with latest advanced technology products such as LEDs, Luminaires, fluorescent bulbs and others. The smart lighting is used to offer better energy efficiency as compared to traditional incandescent and halogen options. The main purpose is to deliver durability in terms of breakage resistant and largely immune to vibrations. The smart lighting offers a wide range of applications in street roadways, tunnel & bridges, architectural, commercial, office lighting, projection lighting.
North America Smart Lighting Industry Market Report evaluates market status, growth rate, future trends, market drivers, opportunities and challenges, barriers to risk and entry, Porter’s Five Forces Analysis, sales channels, distributors. In addition, this North America Smart Lighting market report also shows the company profile, product specifications, capacity, production value, and market shares for each company over the forecast period. This market research report from North America Smart Lighting provides state-of – the-art information on the market as well as holistic market views. These insights will focus on actionable ideas, improved decision-making and improved business strategies. Using the North America Smart Lighting market report, the ICT industry’s data and realities can be focused on continuing business operations along the right path. The market insights provided in the report will make it easier to acquire a more accurate understanding of the market landscape, issues that may arise in the future for the ICT industry, and how to best position specific brands.
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- Company Coverage of North America Smart Lighting Market (Sales Revenue, Price, Gross Margin, Main Products etc): Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED and Beam Labs B.V.and
This North America Smart Lighting research report firstly provides the data by analyzing the overview of the market. It begins with the scope and an overview of the product which already exist in the North America Smart Lighting market. The report gives out sales and revenue figures for all the years of the forecast period. Overview of the regional and market segmentation analysis provided in the North America Smart Lighting report.
This North America Smart Lighting research report includes Market Dynamics which analyses Drivers and Restraints of the Market to provide all-inclusive data to the clients.
- Product Launch:
- In May, PHILIPS LIGHTING HOLDING B.V. acquired LiteMagic Technologies, which is beneficial in expanding high end portfolio products such as luminaires and control systems in the region of China.
- In October, OSRAM Opto Semiconductors GmbH launched dynamic in-car lighting, which is beneficial in providing passenger cell, dynamic dimensions, and static light switch for On/Off applications.
- In September, Honeywell International Inc. (U.S.) launched a new lighting and power management system, which is beneficial in offering efficient lighting, efficient lighting and power-management in retrofit.
- In October, Cree, Inc. expanded its industrial lighting portfolio which is linear, high-bay luminaires and beneficial in offering ideal solution for construction and retrofit market.
Region wise Analysis is mentioned in this North America Smart Lighting research report which covers the key regions like
- North America ((US, Canada, Mexico)
- South America (Brazil, Argentina, Rest of the South America)
- Middle east and Africa (UAE, Saudi Arabia, Oman,)
- Asia and Pacific region (Japan, China, South Korea, India New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, etc.)
Segmentation of the Market
This North America Smart Lighting research report provides Market segmentation which splits the report with production, Consumption and Revenue.
- North America smart lighting market is segmented into four notable segments which are offering, installation type, communication technology and application type.
- On the basis of offering, the market is segmented into hardware, software and services. The hardware is sub- segmented into lights & luminaires, relay units and lighting controls. The lights & luminaires is further sub- segmented into smart bulbs and fixtures. The smart bulbs again sub-segmented into fluorescent lamps (FL) and compact fluorescent lamps (CFL). The lighting controls is sub-segmented into switches & dimmers, LED drivers, sensors and gateways. The switches & dimmers are further sub-segmented into switches, 2manual switches and dimmers. The switches are further sub-segmented into electronic switches. The dimmers are further sub-segmented into wired dimmers and wireless dimmers. The software is sub-segmented into cloud based and local/web-based. The services are sub-segmented into installation services, design & engineering and post-installation services. In 2019, hardware segment is growing at the highest CAGR and expected to reach USD million in the forecast period of 2019 to 2026.
- Hardware segment is expected to dominate the North America smart lighting market due to the increase in the application of LED lighting products such are bulbs, luminaires and lamps for indoor and outdoor spaces as well as rising awareness regarding energy consumption in LED lighting.
- On the basis of installation type, the market is segmented into new installation and retrofit installation. In 2019, retrofit installation segment is growing at the highest CAGR and expected to reach USD in the forecast period of 2019 to 2026.
- Retrofit installation segment is expected to dominate the North America smart lighting market due to its low installation cost as compared to new fixtures.
- On the basis of communication technology, the market is segmented into wired technology and wireless technology. The wired technology is sub-segmented into power-line communication, wired hybrid protocols, digital addressable lighting interface and power over Ethernet. The wireless technology is sub-segmented into ZIGBEE, Bluetooth, Wi-Fi, wireless hybrid protocols, EnOcean and 6lowpan. In 2019, wired technologies are growing at the highest CAGR of in the forecast period of 2019 to 2026.
- Wired technology is augmenting the maximum share as it is considered to be 20% – 30% less expensive than their wireless along with reduced energy consumption. Wireless technology is expected to grow with the highest CAGR in the forecasting period due to increasing accessibility of open source software and advancement in wireless technologies and rising demand of wireless smart lighting systems for both building and home automation.
- On the basis of application type, the market is segmented into outdoor application and indoor application. The outdoor application is sub-segmented into roadways & highways, public places and architectural. The indoor application is sub-segmented into commercial, residential and industrial. The roadway & highway is sub-segmented into street & roadways, highways and tunnels & bridges. The commercial is sub-segmented into office lighting, projection lighting, retail and hospitality. In 2019, residential segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
- Residential segment is expected to dominate the North America smart lighting market due to the increase in the application of lighting control system at homes and workplaces. These are cost saving and helps in reduced energy consumption along with productivity maximization. Wireless technology is expected to grow with the highest CAGR in the forecasting period due to increase in usage of smart lighting in many residential areas which mostly utilizes wireless technology lighting solutions such as smartphone using Wi-Fi, Bluetooth, Z-Wave, and even wireless radio for better connectivity and easy to access.
- On the basis of offering, the market is segmented into hardware, software and services. The hardware is sub- segmented into lights & luminaires, relay units and lighting controls. The lights & luminaires is further sub- segmented into smart bulbs and fixtures. The smart bulbs again sub-segmented into fluorescent lamps (FL) and compact fluorescent lamps (CFL). The lighting controls is sub-segmented into switches & dimmers, LED drivers, sensors and gateways. The switches & dimmers are further sub-segmented into switches, 2manual switches and dimmers. The switches are further sub-segmented into electronic switches. The dimmers are further sub-segmented into wired dimmers and wireless dimmers. The software is sub-segmented into cloud based and local/web-based. The services are sub-segmented into installation services, design & engineering and post-installation services. In 2019, hardware segment is growing at the highest CAGR and expected to reach USD million in the forecast period of 2019 to 2026.
Key Insights mentioned in the North America Smart Lighting research Report
- It provides overview of the industry with basic introduction to the market
- Comprises profiles of major companies operating in the Market
- Historical data, Current market size and Forecast up to 2026.
- Analysis like SWOT analysis, Porters Five Force Analysis and PESTLE Analysis are included in the report.
- Key top players of the market are covered in the report. it includes sales, revenue and market share of the analysis of the market by players, products and Applications.
Research Methodology: North America Smart Lighting Market
Primary Respondents: OEMs, Manufacturers, Engineers, Industrial Professionals.
Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers
What Reports Provides.
- Full in-depth analysis of the parent North America Smart Lighting market
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Important changes in North America Smart Lighting Industry dynamics
- Market share analysis
- Key strategies of major players In
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the North America Smart Lighting market.
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